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Asia-PacificJune 30 2011

Philippines finance secretary seeks greater Asean co-operation

The finance secretary of the Philippines discusses progress in regional financial co-operation, the changing role of the Asian Development Bank and recent changes in the Philippines' financial environment as Manila prepares to host the 45th ADB Board of Governors meeting next May.
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Philippines finance secretary seeks greater Asean co-operationCesar Purisima, finance secretary, Philippines

Q. What do you see as the major results of the meeting of the finance ministers from the Association of South-east Asian Nations and Japan, China and South Korea (Asean+3) held in tandem with the Asian Development Bank (ADB) meeting in Hanoi? 

A: First, this meeting continued to give us assurance that mechanisms exist in our region for coordination and that, if the situation becomes less benign, we have Asean partners to work with on a coordinated basis.

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